Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. He worries that they enable illicit activity by making money transactions less transparent.
Still, he sees the value in digital payments systems and supports electronic use of government-backed currencies like the dollar.
Ive been a great advocate of moving to an electronic payments mechanism. There are a lot of efficiencies. I think we can actually have a better regulated economy if we had all the data in real time, knowing what people are spending, he says.
https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.htmlI don't think the dude who wrote the article knows about crypto, because if he knows, then he would have known that shutting down crypto is the most difficult thing anyone could do in this planet earth including the government of the world, there have tried everything possible to shut it down, they couldn't do so and now they are looking for ways to be able to control it since they know that it would be very difficult to shut it down, they haven't still found the way yet.